Tax Seminar #3 – December 3 2012

Section 2 (Continued)
Business Asset Information
Page 3 of 6
If the business owns more properties, vehicles, or equipment than shown in this form, please list on an attachment.
Real Estate (Buildings, Lots, Commercial Property, etc.)
Property Address (Street Address, City, State, ZIP Code) Property Description Date Purchased
Do not use negative numbers.
County and Country
Current Market Value
Less Loan Balance (Mortgages, etc.)
$ X .8 = $
– $ Total Value of Real Estate = (3a) $
Property Address (Street Address, City, State, ZIP Code) Property Description Date Purchased
County and Country
Current Market Value
$ X .8 = $
Less Loan Balance (Mortgages, etc.)
– $ Total Value of Real Estate = (3b) $
Total value of property(s) listed from attachment [current market value X .8 less any loan balance(s)] (3c) $
Add lines (3a) through (3c) = (3) $
Business Vehicles (cars, boats, motorcycles, trailers, etc.). If additional space is needed, list on an attachment.
Vehicle Make & Model Year Date Purchased Mileage or Use Hours
Lease Monthly Lease/Loan Amount
Loan $
Current Market Value
$ X .8 = $
– $
Less Loan Balance
Total value of vehicle (if the vehicle
is leased, enter 0 as the total value) =
Vehicle Make & Model Year Date Purchased Mileage or Use Hours
(4a) $
Lease Monthly Lease/Loan Amount
Loan $
Current Market Value
$ X .8 = $
– $
Less Loan Balance
Total value of vehicle (if the vehicle
is leased, enter 0 as the total value) =
Vehicle Make & Model Year Date Purchased Mileage or Use Hours
(4b) $
Lease Monthly Lease/Loan Amount
Loan $
Current Market Value
Less Loan Balance
Total value of vehicle (if the vehicle
is leased, enter 0 as the total value) =
$ X .8 = $
– $
(4c) $
Total value of vehicles listed from attachment [current market value X .8 less any loan balance(s)] (4d) $
Other Business Equipment
Add lines (4a) through (4d) = (4) $
Current Market Value
$ X .8 = $
– $
Less Loan Balance
Total value of equipment
(if leased, enter 0 as the total value) = (5a) $
Total value of equipment listed from attachment [current market value X .8 less any loan balance(s)] (5b) $
IRS allowed exemption for professional books and tools of trade - (5c) $ [4,290]
Total value of all business equipment =
Add lines (5a) and (5b) minus line (5c), if number is less than zero, enter zero = (5) $
Do not include the amount on lines with a letter beside the number.
Add lines (1) through (5) and enter the amount in Box 1 =
Box 1 Available Equity in Assets
$
56
Catalog Number 55897B www.irs.gov Form 433-B (OIC) (Rev. 5-2012)